Volvo block delivers GS to EMEA summit
Renault completed an exit from its remaining 6.5% stake in truck firm Volvo on Thursday morning, taking probably the last chance this year to offer the Skr12.8bn ($1.9bn) block through an accelerated bookbuild.
It mandated Goldman Sachs as sole-bookrunner for the deal as it did two years ago for a more surprising $4.2bn sale of a first tranche of the shares.
The 2010 deal might have caught other banks napping but this time many were looking at the possibilities of a trade,
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.